Though second-quarter revenues and profits dipped slightly at Gulfstream Aerospace, the Savannah, Ga.-based aircraft manufacturer still recorded a “strong” quarter, Phebe Novakovic, chairman and CEO at parent company General Dynamics, said yesterday during an investor conference call. Revenues at the aerospace division, which also includes Jet Aviation, came in at $1.995 billion during the quarter, down from $2.053 billion a year ago.
Gulfstream Aerospace has named Thomas Anderson director of product support for its site at Long Beach Airport, Calif. Anderson, who will oversee operations there, joined Gulfstream in 2002 and has been a senior manager of final-phase operations for the G550 and G450; senior manager of final phase; and manager of the premium furniture woodshop. His 26-year career includes 13 years in Long Beach with McDonnell Douglas/Boeing in materials and interior operations and two years as general manager of an aerospace tube-and-duct fabrication facility in Vista, Calif.
Jet Aviation Dubai recently redelivered its first successful controller pilot datalink communications and automatic dependent surveillance-broadcast out upgrade on a Gulfstream G550 for an undisclosed customer in the region. “This particular upgrade was technologically challenging and logistically complicated,” said Wajahat Ali Khan, director of safety and maintenance at Jet Aviation Dubai.
Gulfstream Aerospace continues to build on its momentum of last year with deliveries of 39 completed aircraft during the first quarter, a 34.5-percent increase on Q1 2013. This is on the back of a total of 144 deliveries last year, a 53.2-percent rise from the company’s performance for 2012.
General Dynamics’s aerospace division, which includes Gulfstream Aerospace and Jet Aviation, saw first-quarter revenues climb 19.5 percent year-over-year, to $2.125 billion, while profits soared 30.3 percent, to $404 million, from the same period last year.
Minsheng Financial Leasing’s (MSFL) order for 60 Gulfstream jets (40 firm, 20 options) announced last week at ABACE in Shanghai is in addition to, not further confirmation of, a $2.6 billion order for 50 Gulfstreams under an MoU signed between the two companies in July 2011. Thus, Minsheng now has up to 110 Gulfstreams on order–a mix of G280s, G450s, G550s and G650s–that AIN estimates are worth approximately $5.6 billion, including options.
Switzerland-based Jet Aviation Management (Booth P326) announced here at ABACE 2014 in Shanghai that it is adding two Gulfstream G450s and a new Gulfstream G550 to its managed fleet in Asia, bringing to 30 the number of aircraft it operates in the region.
The G550 and one of the G450s will be based in Hong Kong and maintained by the company’s Hong Kong maintenance facility, a Gulfstream Authorized Warranty Service Center for G450/G550/G650 aircraft. Delivery of the aircraft is expected by the end of next month.
Gulfstream Aerospace is here with its entire line of business jets, hoping to keep its Asia Pacific fleet growing after a spectacular surge over the 2008-2014 period. On the static display, airshow visitors can see the G150, G280, G450, G550 and G650 models, with the super-midsize G280 and the ultra long-range G650 being debutants at the Singapore Airshow. The airframer is continuing to invest in its sales force and product support offering in the region, Roger Sperry, senior regional v-p international sales told AIN.
Gulfstream Aerospace “is the primary growth engine for both earnings and revenue” at General Dynamics, parent company chairman and CEO Phebe Novakovic said yesterday during a fourth-quarter investor call. The company’s aerospace unit, which includes Gulfstream and Jet Aviation, had a “very good year” in 2013, she added.
International Water-Guard Industries (IWG) announced earlier this week that its agreement with Gulfstream Aerospace to provide water treatment units for the G450 and G550 has been renewed. The Canadian water systems specialist, based in Burnaby, B.C., has been providing water treatment units to Gulfstream for more than 20 years. The unit, manufactured by IWG Technologies, is standard on the G650.
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